September Real Estate Market Stats

The number of homes for sale in August increased dramatically over the same time a year ago. This is the result of a moderate increase in new listings and a much slower pace of sales. Homes are staying on the market longer, giving buyers more choices and more time to make an informed decision. While home prices are up compared to a year ago, the rate of increase was in the single digits rather than the double-digit surges of past months. It’s still a seller’s market, but sellers need to have realistic expectations about pricing their homes as the market softens.

Eastside

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The median price of a single-family home on the Eastside was up nearly 10 percent from the same time last year to $935,000. Home prices have declined each month from the all-time high of $977,759 set in June. Inventory increased 73 percent over last August. With supply soaring and home prices moderating, sellers need to work with their broker to price their home to meet the current market conditions. A year ago 47 percent of the homes on the Eastside sold for over list price. This August that number was down to 29 percent.

King County

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King County experienced yet another flood of inventory with the number of homes for sale jumping 65 percent over the previous year. Despite the growth, the county has just 1.9 months of inventory and remains a seller-oriented market. The market has slowed but it remains fast-paced, with 62 percent of the properties here selling in fewer than 15 days. While home prices were up 3 percent from a year ago, the median price of $669,000 represented the third straight month of declines from the record-high of $726,275 reached in May.

Seattle

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After leading the nation in home price growth for nearly two years, Seattle is finally cooling off. The median home price in August was $760,000, up just 4 percent from last year and down from the record $830,000 reached in May. Inventory soared in August, but the city still has just two months of supply, far short of the four to six months that is considered balanced. Bidding wars are becoming less common and price drops more common. Sellers must adjust their expectations to what appears to be a long waited moderating of the market.

Snohomish County

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Mirroring the market slowdown in King County, Snohomish County also experienced a cooling off in August. The median price of a single-family home was $492,000, up 8 percent from a year ago but down from the record high of $511,000 two months prior. Inventory increased nearly 30 percent, but at just 1.6 months of supply the market remains very tight and sales are brisk. Sixty percent of homes here sold within 15 days.

This post originally appeared on the WindermereEastside.com Blog.

Posted on September 18, 2018 at 6:19 pm
Denise Perkins | Category: Eastside, In the News, Market Stats, North Kirkland, Redmond, Uncategorized, Woodinville | Tagged , , , ,

4 (nearly free) Ways to Keep Seattle-Area kids Busy this Summer

4 (Nearly) Free Ways to Keep Kids Busy This Summer in the Seattle Area

Living in the Seattle-area is rich. Life is good here. It’s also expensive. But that doesn’t mean that your summer has to be a constant battle between boredom and broke. There are so many exciting, fun things for kids to do around town that are either free or darn close to it. Here are four of my favorite ways to enjoy the green of summer- without blowing all the green in my wallet doing it.

1. Splish SplashNorthacres Spray Park
Splash pads have got to be one of my favorite ways to cool off all summer. There is so much good about them! First of all, they’re free. Who doesn’t love free? Also, since there is no standing water, you don’t have to worry about swimming competency or if a lifeguard is on duty. Just show up, get soaked, go home. Kiddos who don’t enjoy water activities can even play on nearby fields or playground equipment, making this a real win-win for the entire family. One last perk? Packing a picnic lunch is super-fun for kids. That saves more money and makes mom look cool. Ready to get your splash on? Where we live on the Eastside there is Crossroads in Bellevue, Grasslawn Park in Redmond, the Redmond Town Center, and the Sammamish Commons spray park. Feeling more adventurous? Here’s a look at all area splash parks.
2. Summer Movie Days
Even a perfect Seattle summer can get overwhelming. When it’s too hot to play outside, or if we get a rainy day, take the fun indoors with Regal Cinemas. The Bella Bottega theatre in Redmond offers the summer Movie Express every year. Offered on Tuesdays and Wednesdays at 10 am, movie tickets are just $1 each. Yes, you read that right, $1. You can choose between two family favorites every week, check out the lineup for this summer, here.
3. Take a Hike, Be a Princess
St. Edwards State Park is located at the very northern tip of Lake Washington. If you haven’t been there yet, I have to ask you, “WHY NOT?” The park is breathtaking. There are several hikes that vary in difficulty from simple to simply heart stopping. It’s hard to believe that such a challenging trek could be so close to the big city! Apart from the trails, which lead you right down to the lake for a picturesque cooling dip, you’ll also find a beautiful old seminary here. It’s now the base for Bastyr College. Saint Edward playground

But here’s the best part. At the top of the park, you’ll find a sprawling playground designed to look like a royal castle. It’s seriously epic. While visiting the park is free, plan to pay $10 for parking. It’s forgivable though, as all the parking fees go to the state parks and help keep gems like this open.
4. Discover a new Beach
Back to the water play! We love local beaches like Houghton and Juanita in Kirkland (and if you’ve never checked out Vasa Park, you’re really missing something special), but this summer, why not try something new? This one requires you to get out of town just a bit, but I promise it’s worth it. From July 5th through September 3rd you can catch a FREE foot ferry (that means no cars) out to Jetty Island. Jetty Island

This tiny sandbar is located in Puget Sound and offers 2 miles of sand, mud flats, sun, and shallow warm swimming water! The line to catch the free ferry can get pretty long, so here’s a tip. Get a party of 8 or more people together in advance and you can make a ferry reservation!

Do YOU have a favorite free (or nearly free) thing to do with the kids? I’d love to hear about it! Let me know in the comments and who knows? Maybe I’ll see you out and about this summer, too!

Posted on June 12, 2018 at 10:21 pm
Denise Perkins | Category: Eastside, Kids, North Kirkland, Redmond, Things to Do | Tagged , , ,